M&A Deal Summary

THOR Industries Acquires K-Z

On April 17, 2014, THOR Industries acquired automotive company K-Z for 53M USD

Acquisition Highlights
  • This is THOR Industries’ 12th transaction in the Automotive sector.
  • This is THOR Industries’ 6th largest (disclosed) transaction.
  • This is THOR Industries’ 12th transaction in the United States.
  • This is THOR Industries’ 10th transaction in Indiana.

M&A Deal Summary
Date 2014-04-17
Target K-Z
Sector Automotive
Buyer(s) THOR Industries
Deal Type Add-on Acquisition
Deal Value 53M USD
Advisor(s) Lincoln International (Financial)

Target

K-Z

Shipshewana, Indiana, United States
K-Z, Inc., produces a selection of travel trailers, fifth wheels and toy haulers with retail price points as low as $10,000 for entry-level products. The company produces its RV's at a complex consisting of 396,000 square feet of office and production space spread among six primary facilities operated by a team of approximately 320 employees.

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Buyer(S) 1

Buyer

THOR Industries

Elkhart, Indiana, United States
Category Company
Founded 1980
Sector Automotive
Employees24,900
Revenue 11.1B USD (2023)
DESCRIPTION
Thor Industries' corporate headquarters in Elkhart, Indiana.
Thor Industries' corporate headquarters in Elkhart, Indiana.

THOR Industries manufactures a wide range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada. THOR Industries was founded in 1980 and is based in Elkhart, Indiana.

DEAL STATS #
Overall 12 of 17
Sector (Automotive) 12 of 14
Type (Add-on Acquisition) 11 of 16
State (Indiana) 10 of 13
Country (United States) 12 of 16
Year (2014) 1 of 1
Size (of disclosed) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-31 Bison

Milford, Indiana, United States

Bison is a designer and manufacturer of specialty aluminum and steel horse trailers sold throughout the United States and Canada. It specializes in both living quarter and non-living quarter trailers including goosenecks and bumper pull products. Bison was formed in 1984 and is based in Milford, Indiana.

Buy $17M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-01 Postle Aluminum

Elkhart, Indiana, United States

Postle Aluminum Co. LLC is a distributor and manufacturer of standard and custom aluminum extrusions and related components.

Buy $144M
Mergr

Product

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